Did you feel your tax burden lighten a little bit this morning?
The first round of bidding in the AWS spectrum auction has concluded and so far, the high bids total $490M going to the federal treasury to lighten our collective tax burden.
Some areas have seen no bids entered – so far. There are fascinating strategies being employed by some of the bidders.
You can follow the action on various Industry Canada websites, including this bid tracking site and this interactive map. Another round is under way – and the action will heat up over the coming days as bidders get used to the systems.
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Industry Canada, AWS Auction